Amarc Resources (CVE:AHR) Shares Down 21.4% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR) shares traded down 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during trading, a decline of 19% from the average session volume of 521,978 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 21.4 %

The firm’s 50-day moving average price is C$0.51 and its 200-day moving average price is C$0.29. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The company has a market cap of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In related news, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. In the last ninety days, insiders have sold 148,500 shares of company stock valued at $91,395. Corporate insiders own 35.62% of the company’s stock.

About Amarc Resources

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.